๐ง PENGU/USDT โ Ascending Triangle Breakout Setup! ๐
#pengu #Pengu๐๐๐ #PENGUUSDT #AscendEX
๐ Current Price : $0.01065
๐ Market Overview :
Ascending Triangle formation spotted on the 1H timeframe.
A bullish breakout could lead to strong upside potential.
Key Breakout Level : $0.01123 โ A confirmed close above this level may signal further gains.
Watching Volume : A breakout must be backed by rising volume to confirm strength.
๐ Key Technical Levels to Watch!
๐บ Resistance Levels :
$0.01123 (First Resistance โ Breakout Level)
$0.01233 (Next Target if Breakout Holds)
๐ป Support Levels :
$0.01065 (Current Level โ Holding Above Support)
$0.01019 (Major Support โ Triangle Breakdown Zone)
๐ Trade Setup & Strategy!
โ
Bullish Breakout Setup
๐ Entry : Break and close above $0.01123
๐ฏ Targets :
$0.01233 (Breakout Target)
Further upside if momentum sustains
๐ Stop-Loss : Below $0.01064 (Invalidation Zone)
โ Risk Management (Invalidation Plan)
If $0.01123 fails to break, close the position to avoid a fakeout.
A breakdown below $0.01019 may lead to further downside.
โก Conclusion & Investor Advice!
๐น A confirmed breakout above $0.01123 could push PENGU/USDT towards $0.01233.
๐น Volume is key โ wait for confirmation before entering long.
๐น Failure to break $0.01123 could result in a pullback towards support at $0.01019.
๐ก Pro-Tip for Traders!
๐ Wait for Breakout Confirmation: Look for a 1H candle close above resistance with high volume.
๐ข Manage Risk : Always set stop-losses to protect capital from potential fakeouts.
๐ Monitor Price Action : If momentum slows near resistance, consider partial profit-taking!
๐ Stay sharp and trade wisely! ๐ง๐ฅ